Bitcoin is crashing. Most people should sell. I am waiting to buy more.
All markets go up and down. Many people make a lot of money “trading”
markets which means buying low and hopefully selling low. The problem with “trading” any asset is taxes, specifically “short term” capital gains taxes. My strategy is similar to Warren Buffets “buy and hold on forever.”
What am I doing if not trading assets?
I spend my time building new assets, which is why I am a “serial entrepreneur”. Currently I am working on two new “ start-ups.”
If crashes terrify you, sell and hang on tight to your job, which is what most “employees” should do.
Simply said entrepreneurs and employees are opposite sides of the same coin.
Take care. Rough times ahead. Do what is best for you.
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